Weekly Update for week 41/50 ended 10/23/2010
Tremendous week, up 60K(27%). Giant leap in confidence..
The week was a continuation of the big earnings momentum that started last week with GOOG. This week some of the great momo stocks delivered earnings, and I was just playing long after earnings with options. So bullish was the market that even seeming disappointment from AAPL and AMZN were brushed aside. Every day of the week was positive in my account.
On Tue dabbled a little with AAPL calls in the morning, a mere 17 contracts, after it seemed obvious the market and the analysts brushed aside the weak IPAD sales. Brought when AAPL came down to just above 300 for $5.00 a car, closed when AAPL hit 308 half hour later, sold for $10.00. Thursday went long NFLX calls after their earnings, made 10K there (chased that a bit, since my limit order failed to fill in the early goings before the stock took off). Also caught the SPY dip at 2pm on Thurs, making 6K when the market rebounded (actual max position size was 100 contracts). Fri should have been spectacular had I got my limit hit on CMG and AMZN. Chased CMG afterwards, though decided to hedge a bit shorting RVBD (which I thought was more overbought). Made +25K on CMG and lost 12K on RVBD (covered near the high of the day). Refrained from chasing AMZN, that could have been great as well. Other than RVBD, the rest of the losses for the week were minimal.
Looking forward to good times.
Tremendous week, up 60K(27%). Giant leap in confidence..
The week was a continuation of the big earnings momentum that started last week with GOOG. This week some of the great momo stocks delivered earnings, and I was just playing long after earnings with options. So bullish was the market that even seeming disappointment from AAPL and AMZN were brushed aside. Every day of the week was positive in my account.
On Tue dabbled a little with AAPL calls in the morning, a mere 17 contracts, after it seemed obvious the market and the analysts brushed aside the weak IPAD sales. Brought when AAPL came down to just above 300 for $5.00 a car, closed when AAPL hit 308 half hour later, sold for $10.00. Thursday went long NFLX calls after their earnings, made 10K there (chased that a bit, since my limit order failed to fill in the early goings before the stock took off). Also caught the SPY dip at 2pm on Thurs, making 6K when the market rebounded (actual max position size was 100 contracts). Fri should have been spectacular had I got my limit hit on CMG and AMZN. Chased CMG afterwards, though decided to hedge a bit shorting RVBD (which I thought was more overbought). Made +25K on CMG and lost 12K on RVBD (covered near the high of the day). Refrained from chasing AMZN, that could have been great as well. Other than RVBD, the rest of the losses for the week were minimal.
Looking forward to good times.
Code:
Opening Balance: 225,610
Net gain for the week 60,469
------------------------------------------------
Net Balance: 286,079
Number of Trades 21
Number of Profitable Trades 15
Since Inception of Thread 01/10/2010 - 10/23/2010
Opening Balance: 410,000
Net loss(Less Margin Interest) 123,921 (Down 30%)
------------------------------------------------
Net Balance 286,079
Number of Trades 1140
Number of Profitable Trades 610
BREAK-DOWN BY AUTOMATED/DISCRETIONARY
Number P/L Best Gainer Worst Loser
AUTO 3 -285.00 157.10 -427.30 -95.00
DISCR 18 60,754.40 25,462.90 -12,004.90 3,375.24
TOP/BOTTOM DISCRETIONARY TRADES
TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAIN/LOSS TYPE
CMGNOV202010195.0CALL 2010-10-22-10-33-22 2010-10-22-14-13-10 5000 39950 65500 25463 CMG CALL
NFLXOCT222010165.0CALL 2010-10-21-09-38-55 2010-10-21-10-44-10 5500 38500 48950 10350 NFLX CALL
AAPLOCT222010300.0CALL 2010-10-19-09-30-19 2010-10-19-10-01-59 1700 8500 16810 8267 AAPL CALL
BIDUOCT222010100.0CALL 2010-10-22-09-30-08 2010-10-22-10-20-52 5000 32150 39012 6775 BIDU CALL
SPYOCT222010115.0CALL 2010-10-21-14-00-04 2010-10-21-15-18-03 17000 42050 48313 5999 SPY CALL
-------------------------------------------------
AAPL 2010-10-18-18-04-12 2010-10-19-09-08-19 250 75824 75041 -798 SHORT
CREE 2010-10-19-16-33-51 2010-10-20-09-42-15 2000 97800 96000 -1816 SHORT
RVBD 2010-10-22-10-44-44 2010-10-22-13-23-35 9000 498568 486614 -12005 SHORT
